{"id":550346,"date":"2022-10-24T03:54:17","date_gmt":"2022-10-24T03:54:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/24\/contact-financial-eyes-push-into-african-markets-gcc\/"},"modified":"2022-10-24T03:54:17","modified_gmt":"2022-10-24T03:54:17","slug":"contact-financial-eyes-push-into-african-markets-gcc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/24\/contact-financial-eyes-push-into-african-markets-gcc\/","title":{"rendered":"Contact Financial eyes push into African markets, GCC"},"content":{"rendered":"<p><strong>Contact Financial Holding wants to expand in Africa, GCC: <\/strong>Contact is looking to step into new markets next year including Uganda, countries in the Horn of Africa, and the GCC next year, Contact CEO Said Zater was quoted as saying by <a href=\"https:\/\/www.alborsaanews.com\/2022\/10\/23\/1589006\">Al Borsa<\/a>. Contact launched operations in Kenya last year, through an EGP 80 mn joint venture with Mansour Group\u2019s Mantrac, which is the distributor of Caterpillar machinery in Egypt. The JV offers financial leasing for heavy and agricultural equipment, with plans to expand to consumer financing, according to Al Borsa.<\/p>\n<p><strong>Green financing products in the pipeline: <\/strong>Contact is looking to launch green financing to cover solar power plants and modern irrigation systems as soon as next month, Zater reportedly said.<\/p>\n<p><strong>MEANWHILE- <\/strong><strong>KarmSolar <\/strong>secured an EGP 47 mn loan from <strong>QNB AlAhli<\/strong> to fund its solar <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6469dcfd-dd91-4462-890d-512c7e36b1d2\">power purchase agreement (PPA)<\/a> <strong>battery storage system<\/strong> at<strong> Cairo 3A<\/strong>\u2019s Giza poultry farm. (<a href=\"https:\/\/ent.news\/2022\/10\/Press-Release-KarmSolar-Secures-47M-EGP-in-Funding-from-QNB-ALAHLI.pdf\">Statement, pdf<\/a>)<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Ibnsina Pharma<\/strong> signed an agreement to become the primary local distributor of global medical device company <strong><a href=\"https:\/\/www.omron-healthcare.com\/eu\">Omron Healthcare<\/a><\/strong>\u2019s products. (<a href=\"https:\/\/ent.news\/2022\/10\/Ibnsina-Omron-Combined-Release_EN.pdf\">Statement, pdf<\/a>)<\/li>\n<li><strong>Air Cairo<\/strong> will begin operating regular domestic flights from <strong>Sphinx International <\/strong><strong>Airport<\/strong> near the <strong>Giza pyramids<\/strong> from 1 November, the Civil Aviation Ministry\u2019s media office told us.<\/li>\n<li>The <strong>International Maritime Organization<\/strong> will open a regional office in <strong>Alexandria<\/strong>. (<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0qZEhcfpJiizh5vEumcHgN8ws3psc3ZWC6kHhCK3tSa6Bkb6y5Yywk3YeALeNKfBml\">Statement<\/a>)<\/li>\n<li>The government is<strong> extending the rice export ban<\/strong>. (<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0XxZRMmhk1wbTP4V4GC4fUXh4Mip9cNRmwngUbb3M5k8C1guX1H4SwUeBftxxHVKxl\">Statement<\/a>)<\/li>\n<li>The <strong>Musicians\u2019 Syndicate <\/strong>has released new conditions for licensing <strong>mahraganat singers<\/strong>, including that they must perform with a twelve-member accompanying band of syndicate member musicians and ensure their lyrics are in line with \u201cEgyptian values.\u201d (<a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/5\/33\/478331\/Arts--Culture\/Music\/-Egyptian-Musicians-Syndicate-sets-new-conditions-.aspx\">Ahram Online<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Contact Financial Holding wants to expand in Africa, GCC: Contact is looking to step into new markets next year including Uganda, countries in the Horn of Africa, and the GCC next year, Contact CEO Said Zater was quoted as saying by Al Borsa. Contact launched operations in Kenya last year, through an EGP 80 mn [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,528,317,933,72,76,7115,181,595,150,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550346","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-commodities","tag-contact-financial","tag-enterpriseam","tag-financial-regulatory-authority","tag-healthcare","tag-insurance","tag-non-banking-financial-services","tag-renewable-energy","tag-transport","wpautop","entry"],"acf":{"mongo_id":"62cad0bc-e69e-42d7-92ba-2258bc009a94","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[550330],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Contact Financial eyes push into African markets, GCC - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/24\/contact-financial-eyes-push-into-african-markets-gcc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Contact Financial eyes push into African markets, GCC\" \/>\n<meta property=\"og:description\" content=\"Contact Financial Holding wants to expand in Africa, GCC: Contact is looking to step into new markets next year including Uganda, countries in the Horn of Africa, and the GCC next year, Contact CEO Said Zater was quoted as saying by Al Borsa. 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